German insurers set for triple hit if stocks fall, Bundesbank says
Published . Updated .
Covered by 3 outlets: Reuters, Euronext Markets: Real-time Stock Market Data | live, TradingView.
Who covered it: Center 1 · Not rated 2. How we rate outlets
Key takeaways
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FRANKFURT, Nov 12 (Reuters) - German insurers are set for a triple whammy if the stock market drops due to their large exposures to investment funds, the Bundesbank said on Thursday. In its Financial Stability Review, the German central bank also warned about lax
Directly affected
- No company is named in this report.
Indirectly affected
- EWG iShares MSCI Germany ETF-2.5% 13d
iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Germany
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Germany
- CB Chubb+10.8% 30d
Chubb (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
- TRV The Travelers Companies+8.9% 30d
The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
- AIG American International Group+11.7% 30d
American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
- BRK-B Berkshire Hathaway
Berkshire Hathaway (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWG | -0.60% | +0.02% | base | -0.43% | after close | after close | after close |
| BWX | +1.13% | +1.50% | base | -0.63% | after close | after close | after close |
| EFA | -1.86% | +0.32% | base | -0.61% | after close | after close | after close |
| CB | +0.37% | -1.86% | base | +0.77% | after close | after close | after close |
| TRV | +0.89% | -1.02% | base | +1.61% | after close | after close | after close |
| AIG | -2.26% | -3.86% | base | +0.01% | after close | after close | after close |
| BRK-BNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
German insurers set for triple hit if stocks fall, Bundesbank says Reuters
Source: Reuters
How far Ishares (EWG) has moved since 12 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| American International Group (AIG) | that day | +0.01% | final price |
| American International Group (AIG) | three days earlier | -3.86% | final price |
| American International Group (AIG) | five days earlier | -2.26% | final price |
| Spdr Series Trust (BWX) | that day | -0.63% | final price |
| Spdr Series Trust (BWX) | three days earlier | +1.50% | final price |
| Spdr Series Trust (BWX) | five days earlier | +1.13% | final price |
| Chubb (CB) | that day | +0.77% | final price |
| Chubb (CB) | three days earlier | -1.86% | final price |
| Chubb (CB) | five days earlier | +0.37% | final price |
| Ishares Tr (EFA) | that day | -0.61% | final price |
| Ishares Tr (EFA) | three days earlier | +0.32% | final price |
| Ishares Tr (EFA) | five days earlier | -1.86% | final price |
| Ishares (EWG) | that day | -0.43% | final price |
| Ishares (EWG) | three days earlier | +0.02% | final price |
| Ishares (EWG) | five days earlier | -0.60% | final price |
| Travelers Companies (TRV) | that day | +1.61% | final price |
| Travelers Companies (TRV) | three days earlier | -1.02% | final price |
| Travelers Companies (TRV) | five days earlier | +0.89% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 50 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 69 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold American International Group (AIG), worth $15,001 - $50,000 on 28 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares (EWG)
Companies carried with this story
- EWG Ishares
In “German insurers set for triple hit if stocks fall, Bundesbank says,” Ishares (EWG) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “German insurers set for triple hit if stocks fall, Bundesbank says.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Germany
- EFA Ishares Tr
Ishares Tr (EFA) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “German insurers set for triple hit if stocks fall, Bundesbank says.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Germany
- CB Chubb
Chubb (CB) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “German insurers set for triple hit if stocks fall, Bundesbank says.” Reason on file: Chubb (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story
- TRV Travelers Companies
Travelers Companies (TRV) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “German insurers set for triple hit if stocks fall, Bundesbank says.” Reason on file: The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story
- AIG American International Group
American International Group (AIG) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “German insurers set for triple hit if stocks fall, Bundesbank says.” Reason on file: American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story
- BRK-B Berkshire Hathaway
For “German insurers set for triple hit if stocks fall, Bundesbank says,” Berkshire Hathaway (BRK-B) is linked, with no stored direction, medium confidence. Reason on file: Berkshire Hathaway (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story
Ishares (EWG)
The 12 Nov 2026 story “German insurers set for triple hit if stocks fall, Bundesbank says” names Ishares (EWG) because of this story.
Ishares (EWG) is on the page because iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”)
A second company, Spdr Series Trust (BWX), is listed for a different reason: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Germany
Dates in the story, and the Ishares (EWG) price range
EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46. EWG traded between 40.30 and 42.11 across 11 sessions. The latest close on file is 41.20.
What the saved facts support for Ishares (EWG)
62 out of 100
“German insurers set for triple hit if stocks fall, Bundesbank says” scores 62 out of 100. The score uses 3 sources, and 7 linked companies.